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Merkel Proposes Return to Balanced Budget in 2022

M. Ali 9 October, 2020 12:00 am Market Update

Germany needs to return to a balanced budget starting from 2022, Chancellor Angela Merkel said on Thursday, Reuters reported.

This comes after the German government registered a record level of borrowing due to the COVID-19 pandemic, at around EUR 218 billion.

The government also plans more than EUR 96 billion debt in 2021.

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